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Post by willsmithgrrrr on Mar 28, 2022 22:04:31 GMT
Hi all,
Avid investor in P2P, Scottish based l am fairly well diversified with the lower risk slightly safer platforms and happy enough with returns, just struggling to find further decent low risk P2P The 4th way great but once get to the 4th way 5/10 risk level even with diversification l am not that comfortable although already had Kuflink so will let that run as well spread low amounts on most loans.
Crowdproperty, Proplend, AC ( v small), (Unbolted v small) AE, Loanpad, Kuflink Previously also invested in Lending Works, ZOPA, Ratesetter.
Any views on Downing Crowd? Not strictly P2P but the large company backing should add to some kind of security.
Archover ? it seems to get fairly mixed reviews..
Easymoney? but the rates really very low..
A slight concern is why arent these P2P platforms fully transparent with sites like The 4th way ? It warns that lack of openness to data/bad debts etc can be a flag and should be treated with caution, it would be a fantastic free advert if these platforms were 100% with The 4th way as many more investors would pile in..
Also as an idea it would be great and very bold if allowed by FCA a large building society would partner (and guarantee of sorts by a living will like AC does with AE ) with a property based P2P, they could even offer their members first choice in first secured loans even as an autoinvest product to lessen risks with the huge profits made by Nationwide BS for example this type of partnership would be very affordable could be profitable and could lead to thousands badly needed houses getting built. Going back to their roots and stop behaving like banks !
Finally what does peole think of USD stablecoin staking on large crypto sites like Binance? 10 % with no deposit fees via BACS deposit, obviously slight risk with exchange rate
,
Nexo pays 12 % on UK £ stablecoin but card fees around 3% and not as large a platform,
Buybit has 18% on USD stablecoin again not as large a platform
These were just an option /idea further options to spread funds could it be argued that very large Binance stablecoins was a safer option than P2P?
Thanks all
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Post by overthehill on Mar 29, 2022 10:26:36 GMT
Hi all, Avid investor in P2P, Scottish based l am fairly well diversified with the lower risk slightly safer platforms and happy enough with returns, just struggling to find further decent low risk P2P The 4th way great but once get to the 4th way 5/10 risk level even with diversification l am not that comfortable although already had Kuflink so will let that run as well spread low amounts on most loans. Crowdproperty, Proplend, AC ( v small), (Unbolted v small) AE, Loanpad, Kuflink Previously also invested in Lending Works, ZOPA, Ratesetter. Any views on Downing Crowd? Not strictly P2P but the large company backing should add to some kind of security. Archover ? it seems to get fairly mixed reviews.. Easymoney? but the rates really very low.. A slight concern is why arent these P2P platforms fully transparent with sites like The 4th way ? It warns that lack of openness to data/bad debts etc can be a flag and should be treated with caution, it would be a fantastic free advert if these platforms were 100% with The 4th way as many more investors would pile in.. Also as an idea it would be great and very bold if allowed by FCA a large building society would partner (and guarantee of sorts by a living will like AC does with AE ) with a property based P2P, they could even offer their members first choice in first secured loans even as an autoinvest product to lessen risks with the huge profits made by Nationwide BS for example this type of partnership would be very affordable could be profitable and could lead to thousands badly needed houses getting built. Going back to their roots and stop behaving like banks ! Finally what does peole think of USD stablecoin staking on large crypto sites like Binance? 10 % with no deposit fees via BACS deposit, obviously slight risk with exchange rate , Nexo pays 12 % on UK £ stablecoin but card fees around 3% and not as large a platform, Buybit has 18% on USD stablecoin again not as large a platform These were just an option /idea further options to spread funds could it be argued that very large Binance stablecoins was a safer option than P2P? Thanks all
downing crowd - hold onto your money,
easymoney - hold onto your money.
Not sure about archover, might take another look in the future but exited. I had 2 defaults within a month about 3 years ago with their supposed "insured and secured loans". Still waiting for 50% payout on one and the other one is still nowhere. Don't know if things have changed.
landlordinvest has a perfect record so far even with 2nd charges. Currently you can buy at £1000 and sell what you don't want on the SM for free, excellent business model IMO
capitalrise is worth a look, no losses so far, very professional, £1000 min, low volume high value loans for luxury london developments mainly.
proplend tranche A is one the safest places for your money IMO. even if the platform collapses , these loans will repay as they are already earning income and don't require more funds to complete projects like the development only platforms.
haven't looked at all at virtual currencies. I would say blindly check the fees and then check them again.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315 
Likes: 11,523
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Post by ilmoro on Mar 29, 2022 10:51:59 GMT
landlordinvest has a perfect record so far even with 2nd charges. Currently you can buy at £1000 and sell what you don't want on the SM for free, excellent business model IMO
There is a 0.5% fee to sell on the SM
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 616
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Post by dave4 on Mar 29, 2022 10:56:49 GMT
Hi all, Avid investor in P2P, Scottish based l am fairly well diversified with the lower risk slightly safer platforms and happy enough with returns, just struggling to find further decent low risk P2P The 4th way great but once get to the 4th way 5/10 risk level even with diversification l am not that comfortable although already had Kuflink so will let that run as well spread low amounts on most loans. Crowdproperty, Proplend, AC ( v small), (Unbolted v small) AE, Loanpad, Kuflink Previously also invested in Lending Works, ZOPA, Ratesetter. Any views on Downing Crowd? Not strictly P2P but the large company backing should add to some kind of security. Archover ? it seems to get fairly mixed reviews.. Easymoney? but the rates really very low.. A slight concern is why arent these P2P platforms fully transparent with sites like The 4th way ? It warns that lack of openness to data/bad debts etc can be a flag and should be treated with caution, it would be a fantastic free advert if these platforms were 100% with The 4th way as many more investors would pile in.. Also as an idea it would be great and very bold if allowed by FCA a large building society would partner (and guarantee of sorts by a living will like AC does with AE ) with a property based P2P, they could even offer their members first choice in first secured loans even as an autoinvest product to lessen risks with the huge profits made by Nationwide BS for example this type of partnership would be very affordable could be profitable and could lead to thousands badly needed houses getting built. Going back to their roots and stop behaving like banks ! Finally what does peole think of USD stablecoin staking on large crypto sites like Binance? 10 % with no deposit fees via BACS deposit, obviously slight risk with exchange rate , Nexo pays 12 % on UK £ stablecoin but card fees around 3% and not as large a platform, Buybit has 18% on USD stablecoin again not as large a platform These were just an option /idea further options to spread funds could it be argued that very large Binance stablecoins was a safer option than P2P? Thanks all Worth a glance at.. welcome.lendary.net/www.shojin.co.uk/
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Mar 29, 2022 11:12:33 GMT
Hi all, Avid investor in P2P, Scottish based l am fairly well diversified with the lower risk slightly safer platforms and happy enough with returns, just struggling to find further decent low risk P2P The 4th way great but once get to the 4th way 5/10 risk level even with diversification l am not that comfortable although already had Kuflink so will let that run as well spread low amounts on most loans. Crowdproperty, Proplend, AC ( v small), (Unbolted v small) AE, Loanpad, Kuflink Previously also invested in Lending Works, ZOPA, Ratesetter. Any views on Downing Crowd? Not strictly P2P but the large company backing should add to some kind of security. Archover ? it seems to get fairly mixed reviews.. Easymoney? but the rates really very low.. A slight concern is why arent these P2P platforms fully transparent with sites like The 4th way ? It warns that lack of openness to data/bad debts etc can be a flag and should be treated with caution, it would be a fantastic free advert if these platforms were 100% with The 4th way as many more investors would pile in.. Also as an idea it would be great and very bold if allowed by FCA a large building society would partner (and guarantee of sorts by a living will like AC does with AE ) with a property based P2P, they could even offer their members first choice in first secured loans even as an autoinvest product to lessen risks with the huge profits made by Nationwide BS for example this type of partnership would be very affordable could be profitable and could lead to thousands badly needed houses getting built. Going back to their roots and stop behaving like banks ! Finally what does peole think of USD stablecoin staking on large crypto sites like Binance? 10 % with no deposit fees via BACS deposit, obviously slight risk with exchange rate , Nexo pays 12 % on UK £ stablecoin but card fees around 3% and not as large a platform, Buybit has 18% on USD stablecoin again not as large a platform These were just an option /idea further options to spread funds could it be argued that very large Binance stablecoins was a safer option than P2P? Thanks all Worth a glance at.. welcome.lendary.net/www.shojin.co.uk/Also cogentcrypto.io/Shameless plugs for FT videos on all three available here www.youtube.com/c/FinancialThing
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Post by df on Mar 29, 2022 11:58:22 GMT
just struggling to find further decent low risk You can have a look at Elfin Market. Not sure how high the risk is, but so far no losses for investors. I've started on EM 13 months ago in drip feeding mode, my XIRR is 6.55%. Could be higher if I've chosen longer term investments (I go for a minimum 6 month terms, which creates some cash drag) and invested a lump sum at the start.
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Post by overthehill on Mar 29, 2022 13:23:30 GMT
just struggling to find further decent low risk You can have a look at Elfin Market. Not sure how high the risk is, but so far no losses for investors. I've started on EM 13 months ago in drip feeding mode, my XIRR is 6.55%. Could be higher if I've chosen longer term investments (I go for a minimum 6 month terms, which creates some cash drag) and invested a lump sum at the start.
I will also be adding a few rubble to Elfin as I like the premise and the competition is expensive. I haven't done much research yet on their background or viability. They don't allow ISA xfers in, a major negative, which is why I haven't invested yet.
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Post by willsmithgrrrr on Mar 29, 2022 14:00:59 GMT
Thanks for all ideas,
As regards Effin market great that its currently paying out as promised but unsecured lending not really for me , l fear we are in for a rough year or 2 esp regards unsecured debt, hopefully not too many defaults in the secured market, however even though l have kuflink very well diversified its surprising just how many loans are running late, a slight concern post covid perhaps but suppose not major as kuflink hold 1st security under 70/75% LTV .
Kuflinks 5/10 rating on The 4th way perhaps right enough...
This is the major problem with P2P , finding further platforms after the 4/5 main lower risk models that you feel safe to invest in, again l find it slightly alarming that these P2P mentioned dont provide full data and openness to The 4th way as the leading expert P2P review site and its not great for gaining new investors..
its like Ford not letting What car review the new focus or answer questions about it !!
As Binance BACS payments no fees l think the USD stablecoin 10% could be worth an punt.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Mar 29, 2022 14:45:40 GMT
Thanks for all ideas, As regards Effin market great that its currently paying out as promised but unsecured lending not really for me , l fear we are in for a rough year or 2 esp regards unsecured debt, hopefully not too many defaults in the secured market, however even though l have kuflink very well diversified its surprising just how many loans are running late, a slight concern post covid perhaps but suppose not major as kuflink hold 1st security under 70/75% LTV . Kuflinks 5/10 rating on The 4th way perhaps right enough... This is the major problem with P2P , finding further platforms after the 4/5 main lower risk models that you feel safe to invest in, again l find it slightly alarming that these P2P mentioned dont provide full data and openness to The 4th way as the leading expert P2P review site and its not great for gaining new investors.. its like Ford not letting What car review the new focus or answer questions about it !! As Binance BACS payments no fees l think the USD stablecoin 10% could be worth an punt. Never been a huge fan of 4thway, its far too selective in the platforms it covers (nothing to stop them listing other platforms even if they dont rate them) and there are some obvious errors in their reviews - several platforms listed in their comparisons are not regulated P2P platforms but altfi providers. Risk scores are odd - Loanpad riskier than Proplend tranche A, Assetz 90DAA as risky as the MLIA. Binance one to be cautious of ... firmly in the sights of regulators and issues with moving funds. only restarted 3 weeks ago and thats assuming not blocked by your bank as UK banks dont like transfers to crypto platfroms. No fees for transfers only to the end of month
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Post by willsmithgrrrr on Mar 29, 2022 20:59:15 GMT
Thanks for update on Binance, ah never realised just under end of the month with free transfers, (think 1.8%) my bank fine with them TBH.
I would have assumed Binance were the safest as US based and the largest exchange by far. It was just as an extra investment of sorts option.
The fees are a pain it takes the shine away.
Agreed re The4thway website perhaps more P2P platform reviews required, however they do seem pretty strict and the basic P2P strategy options they suggest is fairly sensible.
advice, Again the lack of data provided by some P2P to The4th way is a slight concern , why would you turn down lots extra business is my back of a fag packet take on it...
I will take a look at some options suggested previous comments thanks all for suggestions!
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Post by overthehill on Mar 29, 2022 21:36:51 GMT
Thanks for update on Binance, ah never realised just under end of the month with free transfers, (think 1.8%) my bank fine with them TBH. I would have assumed Binance were the safest as US based and the largest exchange by far. It was just as an extra investment of sorts option. The fees are a pain it takes the shine away. Agreed re The4thway website perhaps more P2P platform reviews required, however they do seem pretty strict and the basic P2P strategy options they suggest is fairly sensible. advice, Again the lack of data provided by some P2P to The4th way is a slight concern , why would you turn down lots extra business is my back of a fag packet take on it... I will take a look at some options suggested previous comments thanks all for suggestions! Not everyone on here is a fan of 4thway but I am. There is a LOT of initial and regular data required for a 4thway rating, too much commitment for a lot of companies and too revealing and bad for business for many others. I've not lost money with any P2P company that has had a rating at some point even Lendingworks! I'm not sure if that applies to everyone.
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Post by df on Mar 29, 2022 21:49:45 GMT
Thanks for all ideas, As regards Effin market great that its currently paying out as promised but unsecured lending not really for me , l fear we are in for a rough year or 2 esp regards unsecured debt, hopefully not too many defaults in the secured market, however even though l have kuflink very well diversified its surprising just how many loans are running late, a slight concern post covid perhaps but suppose not major as kuflink hold 1st security under 70/75% LTV . Yes, we probably are in for a few rough years, but this will affect secured lending too. In my personal experience consumer lending was more successful than I thought it will be. I came out with good results from Ratesetter, Zopa, Welendus (FO) and it looks like I should break even with LendingWorks. Property lending turned to be the worst p2p experience for me... On Kuflink, I sell all my loan parts 2 months before the expected end date. It costs a couple of weeks worth loss of interest, but I don't have to worry about the loans running late.
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Post by mfaxford on Mar 30, 2022 9:06:53 GMT
Thanks for update on Binance, ah never realised just under end of the month with free transfers, (think 1.8%) my bank fine with them TBH. I would have assumed Binance were the safest as US based and the largest exchange by far. It was just as an extra investment of sorts option. Are you sure about that ? From Wikipedia: My question when looking at the promised returns being offered by that type of service is: "where do the funds come from?" From the few I looked at I think they're using the deposited funds to provide loans to other people - so seems to be about as transparent as a regular bank but with none of the protections and regulation that normally applies. To my mind the lack of regulation might be the biggest risk, particularly if that changes.
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Post by willsmithgrrrr on Mar 30, 2022 23:33:31 GMT
Thanks for all ideas, As regards Effin market great that its currently paying out as promised but unsecured lending not really for me , l fear we are in for a rough year or 2 esp regards unsecured debt, hopefully not too many defaults in the secured market, however even though l have kuflink very well diversified its surprising just how many loans are running late, a slight concern post covid perhaps but suppose not major as kuflink hold 1st security under 70/75% LTV . Yes, we probably are in for a few rough years, but this will affect secured lending too. In my personal experience consumer lending was more successful than I thought it will be. I came out with good results from Ratesetter, Zopa, Welendus (FO) and it looks like I should break even with LendingWorks. Property lending turned to be the worst p2p experience for me... On Kuflink, I sell all my loan parts 2 months before the expected end date. It costs a couple of weeks worth loss of interest, but I don't have to worry about the loans running late. Regards Kuflink, wont that cost you 0.25 % selling fee? Also if a loan waiting updates etc like most seem to be nowadays can it still be sold? interesting move, and one l might use.. Ratesetter was 33% loanbook secured loans all auto diversified between all lenders if l remember. Glad the Unsecured loans worked for you, once LW started their games it put me off TBH.
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Post by df on Mar 31, 2022 13:57:16 GMT
Regards Kuflink, wont that cost you 0.25 % selling fee? Also if a loan waiting updates etc like most seem to be nowadays can it still be sold? interesting move, and one l might use.. Ratesetter was 33% loanbook secured loans all auto diversified between all lenders if l remember. Glad the Unsecured loans worked for you, once LW started their games it put me off TBH. I don't mind 0.25% selling fees, it's only about 2 weeks of interest loss. I'm happy to slightly reduce my profit in exchange for less worry about the completion of the loans. I'm not sure about 'loans waiting updates', so far I've sold all loans and I'm in almost every loan on the platform. I remember at later stage RS reduced unsecured loans if favour of business/property, but overall I think the majority of loanbook were consumer loans.
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